Which of the following would not shift the world supply curve up?
A)Increasing the exchange rate
B)Rising wages in other countries
C)Raising trade restrictions
D)Foreign firms incorporating technological innovation

Question

Quizplus · Accepted Answer

Technological innovation in foreign firms typically lowers production costs and increases efficiency, leading to a shift down or to the right in the world supply curve, not up. This means more goods can be supplied at each price level. Choices A, B, and C would generally increase the costs of production or trade, potentially shifting the world supply curve up, indicating a decrease in supply.

Which of the Following Would Not Shift the World Supply